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To protect citizens from fraud, the LDA will register property dealers

To protect citizens from fraud, the LDA will register property dealers

The Lahore Development Authority (LDA) has decided to register property dealers and real estate agents so that people don’t get scammed when they buy or sell homes or land.

During the third meeting of the LDA Governing Body for the year 2022, Vice-Chairman LDA Naeem-ul-Haq led the meeting. The decision was made at the meeting, which took place on Thursday.

The LDA Governing Board approved a way to stop fraud and counterfeiting by real estate agents who work for LDA schemes. They also approved SOPs for how to register property dealers and real estate agents with the LDA.

Read more with EL news : Finalization of the draught LDA property management rules

To give LDA employees a basic salary (Rs12,000) as an Eid allowance, the meeting also agreed to give them that amount. This was one of the things the meeting agreed to. Joint Venture Regulations LDA 2022 were also approved by the meeting. Plot Auction Committee was reorganised at the meeting. The Governing Body’s member was added to the committee.

During the meeting, the master plan for 2050 was given to a committee for review, and then it would be sent back to the Governing Body after it had been made public. Wasa Sh Imtiaz Mehmood, MPA Sadia Sohail Rana, Engineer Amir Qureshi, Tariq Sana Bajwa, Farqalit Mir, Qadeer Ahmed Bajwa, and Syed Nadeem Akhtar Zaidi were in the meeting, as well as other people.

To keep people from being scammed, the LDA will register real estate dealers.

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Finalization of the draught LDA property management rules

Finalization of the draught LDA property management rules

Finalization of the draught LDA property management rules. Lahore Development Authority (Joint Venture) Regulations, 2021, have been revised and are likely to be approved by the LDA’s governing body in the next meeting.

If you look at a document, Section 5 of the Management and Transfer of Properties by Development Authorities Act 2014 (the Act) says that the development authorities can run their properties through joint ventures. Section 20 of the Act allows the government to make rules to carry out the Act’s purposes, and Section 21 allows an Authority to make rules.

On November 26 and 27, 2019, the LDA (the Authority) put together a draught of the Joint Venture Rules for the government to look at. The government went through many consultations before putting the Management and Transfer of Properties by Development Agencies (Joint Venture) Rules 2020 into effect on October 10, 2020, through a Notice in the Official Gazette.

The Lahore Development Authority (LDA) Director General set up a committee led by the Additional Director General (Urban Planning) to write the Management of Properties of Lahore Development Authority (Joint Venture) Rules. The Committee talked to the people who were affected by the regulations and came up with a draught of them. Then, the Director of Law for the High Court and the Supreme Court looked over the draught. The Senior Legal Advisor for the LDA also looked it over. Then, the vetted draught was put on the website of the LDA to get feedback from everyone, including academics, professionals, and the general public, the document says.

According to the document, the draught was finally revised and will be put before the LDA’s governing body for approval at an upcoming meeting. This is because the LDA’s governing body has the power to make decisions under Section 21 of the Act.

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If the DG wants to make joint venture proposals, he or she can put an ad in the newspaper or talk to a government agency about creating a joint venture proposal, or the DG can accept an unsubmitted proposal for managing LDA property. The DG can do all the things that are needed to make these things happen, according to draught regulations.

People who want to talk about joint ventures have set up a committee under section 4 of the regulations. The committee will deal with issues about joint ventures and perform such other tasks as the DG wants. Among its members: an extra director general for housing, the chief metro planner, the chief town planner, the director of housing-X, the director of housing, the director of engineering-I, the director of finance, and an officer chosen by the director of housing.

The Joint Ventures Committee can set up subcommittees, or it can ask any of its members to do what it wants to do. Joint Ventures Committee’s recommendations will help the Director General decide what to do. The Director General will be able to use all of the authority’s powers for the joint ventures. The committee may do or have done any studies, surveys, data collection, data analysis, and other things that are needed to evaluate a joint venture proposal and may spend money on them.

There is no need to be more concerned about the generality of sub-regulation (4). The committee can hire or allow the hiring of any professional, technical, or other person that it thinks is necessary for a joint venture.

The regulations say that LDA can work with a government agency to come up with, plan, and carry out a joint venture without open competition on terms and conditions that both parties agree to. If it comes with a feasibility study and a draught joint venture agreement, the LDA might be willing to look at an idea that wasn’t asked for.

The Joint Ventures Committee may do a full review of a proposal that was not asked for, including its technical feasibility, environmental viability, financial health, and legal correctness. If it doesn’t ask for a proposal, the committee can reject it, recommend it to the DG with or without changes, or ask the private party to send the committee any information, record, or other material it needs to make a final decision.

As soon as an unsubmitted proposal is approved, the private party that submitted it will be able to participate in the bidding process. This is called “pre-qualifying.” The private party that comes up with an idea that wasn’t asked for will get 5% more points for its technical proposal.

The private person who came up with the idea without being asked will be able to match the best offer that came from a competitive bidding process. The committee will decide how much the winner of the bid should pay the private party who came up with the idea without being asked. They will also decide how and when the winner will be reimbursed. To be a citizen of Pakistan or to be a natural or legal person who lives in Pakistan is not a condition for making an unsubmitted proposal.

Under Section 7, a joint venture agreement can include all information that is relevant to a joint venture. The Director of Law (High Court and Supreme Court) will look over the joint venture agreements before they are signed.

It’s possible for DG and a partner to set up a special business for a joint venture project in Section 8. The DG and a partner can transfer property and other assets to an SPV on such terms and conditions as they agree to, as long as both agree. This means that the DG may allow the transfer of funds to an SPV or to a partner in accordance with the joint venture agreement even if the work has not been done, the goods have been delivered, or the services have been provided for which they were meant. If this is deemed to be mandatory and in the public interest, the DG will let this happen.

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Ravi Urban Development Authority will be constituted as a separate body from LDA

RUDA will be constituted as a separate body from LDA

According to press reports, the Ravi Urban Development Authority (RUDA), has produce and sent a brief to create new regulations. Giving the RUDA the same rights as the Lahore Development Authority (LUDA).

This Society has draft and email Chairman of the society Dr. Salman Shah the plan in this regard, However, the newly made rules will apply to the entire 102,271-acre RUDA land region.

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According to the facts, the plan will approve in the Board of Directors meeting. Which is made to take place in ten days. Furthermore, once approve, RUDA will have the same authority as the Lahore Development Authority (LUDA), to support educational construction plans, master plans, and certification of housing schemes under its jurisdiction.

Similarly, land within this scheme boundaries could be delivering immediately to the authority. Following the acceptance of the schedule, and landowners who want to give land directly to the society will receive 30% plot files. Under the proposal regulations, enticing offers will be made to landowners in RUDA zones.

Read more with EL news: LDA will collaborate with three directorates

 

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Lahore High Court (LHC) asks AGP for assistance in determining Ravi Urban Development Authority

LHC asks AGP for assistance in determining Ravi Urban Development Authority

The Punjab Advocate General was served with a notice by the Lahore High Court on Thursday, demanding his assistance in defining the Ravi Urban Development Authority (RUDA). Justice Shahid Karim, hearing a case challenging the validity of the RUDA Act 2020, ruled that the authority’s property acquisition looked to lack any element of public welfare.

 

The petitioner, a private developer, was represented by Advocate Waqar A. Sheikh of the LHC, who argued that the impugned Act was irrational and violated the Local Government Act 2019 and Article 140-A of the Constitution. He further stated that the challenged law was incompatible with the Lahore Development Authority Act of 1975. According to the lawyer, the Ravi Urban Development Authority came into existence to take land from farmers and other landowners. He pointed out that the Ravi Urban Development Authority was established with bank loans to acquire land rather than monies intended for public use. The Ravi Urban Development Authority was established not for the river Ravi but rather as a competing government agency to favor developers affiliated to Pakistan’s ruling Tehreek-i-Insaf.

 

He said that the challenged Act’s principal goal was to grab land through the state for a few developers’ profit. He asked the court to declare Ruda’s establishment illegal and to nullify all of the company’s earlier notices. Justice Karim has given the AGP till the second week of September to respond to his notice. RUDA’s land acquisition for the Ravi Riverfront Urban Development Project had been delayed by the LHC un-resolve the completion of an environmental impact assessment. Several petitioners had raised concerns about Ravi Urban Development Authority’s approach and mode of land acquisition for the project.

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They made the hearing for the land acquisition objection on March 2 but cancelled it due to a law and order crisis on that day. They alleged that RUDA’s land acquisition collector granted 18 awards on the same day totaling billions of rupees notwithstanding these circumstances. The legitimacy of the Land Purchase Act of 1894, which allowed for the forcible purchase of land for commercial purposes. The petitioners also questioned it.

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